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To: TheSlowLane who wrote (35190)12/2/2005 7:22:17 AM
From: Bearcatbob  Respond to of 60914
 
, "because they are raising far more money in my estimation than they have to, and that is creating a problem because it is soaking up investor money that might be otherwise used to drive up the price of these companies in the market."

My belief is that junior companies should raise money when they can. If things go bad they must have cash or perish.



To: TheSlowLane who wrote (35190)12/2/2005 12:12:26 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 60914
 
I agree...Embry nailed it. One reason juniors are better buys is that higher energy prices will continue to crimp profits in the majors. Since many juniors are non- or minimally producing, it's less of a concern; they're not as dependant as the majors on actual production and are often more of a reserve play. Many juniors are a good value here, many seniors will require higher prices to become a good value, but are fairly valued right now. Despite gold doubling in the past 5 years, where are the earnings in these?